City

ELWOOD, IL

Chicago-Naperville-Elgin, IL-IN-WI

The median home in Elwood, Illinois is valued at $310,987, up 4.0% year over year. Elwood is part of the Chicago-Naperville-Elgin, IL-IN-WI metropolitan area, which CrashWatch tracks daily with real-time stress scores and crash risk analysis.

See the full metro analysis: Chicago-Naperville-Elgin, IL-IN-WI stress score, crash risk, and 12-month forecast →

Home Value$310,987

+4.0%

AFFORDABILITY

Enter your income for Elwood.

Income (annual)

Down Payment

$62,197 on $310,987

Out of reach — 36.8% of income

Need $98,571/yr to afford.

PITI$2,300

P/I36.8%

Afford$237K

Gap-$74K

P&I $1,573Tax $578Ins $150

6.50% 30yr, 20% down, county tax + IL ins. 28% per HUD.

Home Buying Kit For Dummies (2025)Financing, negotiation, closing

Other cities in Illinois

Compare Elwood with other housing markets across Illinois.

Kenilworth$1927K Winnetka$1731K Glencoe$1507K Bannockburn$1222K Golf$1186K Hinsdale$1182K Lake Forest$1136K South Barrington$1077K

Full Chicago-Naperville-Elgin, IL-IN-WI analysis

Stress scores, crash risk, early warning signals, and 12-month price forecasts for the Chicago-Naperville-Elgin, IL-IN-WI metro.

View Chicago-Naperville-Elgin, IL-IN-WI metro →